Very Light Jets Enter Fractional Market
by Eric Schaefer 11/02/2007
Private Jet companies seem eager to make use of the new Eclipse 500
very light jet. At $1.6 million, it’s already the most
affordable jet on the market, and access to the private flyers will
undoubtedly only increase as fractional companies begin to take
delivery of the first planes.
Fractional ownership company OurPLANE recently took delivery of its
first VLJ, and plans to purchase $40 million dollars worth of the
new models from Eclipse.
OurPLANE fractional shares of an Eclipse 500 start at $521,000. The
first plane was delivered to SheltAir at Jacksonville, Fla. for a
corporate customer.
Westlake Village, Calif. based Jet-Alliance offers fractional shares
of the Eclipse 500 starting at $450,000 for a 1/4 share. According
to their website, Jet-Alliance currently has a waiting list for
Eclipse 500 clients.
Dayjet Eclipse 500 VLJsHowever, the most ambitious VLJ plans were
announced by Boca Raton, Fla.-based DayJet, which in August
announced more than $200 million in financing for their charter
fleet of Eclipse 500s. DayJet expects to offer more than 1,000
Eclipse 500s within five years.
Though both fractional VLJs and on demand charter fleets are
literally just getting off the ground, OurPLANE’s first confirmed
sale is exciting news for industry watchers. Helium Report’s
Decision Guide to Private Jet TravelPDF Guide download looks more
closely at the emerging VLJ category.
Secure a position on our
waiting list.
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